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The financial services industry is closing out a challenging 2021, not only as a result of the continuing reverberations from COVID-19, but due to the significant waves of regulation that were implemented or commenced operation. Read more

The Modern Slavery Amendment Bill 2021 has been passed by New South Wales Parliament on 14 October 2021. This Bill amends the Modern Slavery Act 2018 (NSW), with the amended Bill will now commencing on 1 January 2022. Read more

ASIC asked Deloitte Access Economics to undertake independent research examining competition in the funds management sector with a focus on the outcomes that the industry is delivering for investors in retail managed investment schemes. Read more

The Financial Services Council (FSC) welcomes the introduction of legislation today to implement the Corporate Collective Investment Vehicle (CCIV) and the Retirement Income Covenant. Read more

Welcome to Issue 58 of the FSC Policy Update. Parliament resumes next Monday 22 November for its final sitting fortnight for the year. Read more

The Financial Accountability Regime draft bill (FAR Bill) was introduced into the House of Representatives on Thursday 28 October. Read more